Product Code: GVR-1-68038-568-7
Thermal Insulation Coating Market Growth & Trends:
The global thermal insulation coating market size is expected to reach USD 15.29 billion by 2030, registering a CAGR of 6.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. Developments in manufacturing & industrial sector are projected to impact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.
Favorable government regulations and initiatives to strengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.
Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated to foster usage in the manufacturing sector. New product launches have enabled consumers to pick application specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.
Thermal Insulation Coating Market Report Highlights:
- Yttria-Stabilized Zirconia (YSZ) led the market with a revenue share of 33.6% in 2024, attributed to its outstanding thermal resistance and durability in extreme temperatures.
- Epoxy coatings are expected to grow at the fastest CAGR of 8.5% over the forecast period. Epoxy coatings exhibit exceptional durability and enhanced dimensional stability, making them ideal for construction and manufacturing applications.
- The manufacturing segment dominated with a revenue share of 31.6% in 2024. Stringent energy efficiency regulations compel industries to implement thermal insulation solutions to reduce heat loss and improve operational efficiency.
- The automotive & transportation segment is projected to grow at the fastest CAGR of 7.0% over the forecast period.
- Asia Pacific thermal insulation coating market dominated the global market with a revenue share of 33.7% in 2024. Robust investments in construction and infrastructure projects are propelling the demand for energy-efficient solutions.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Thermal Insulation Coating Market Variables, Trends & Scope
- 3.1. Global Thermal Insulation Coating Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. Thermal Insulation Coating Market: Product Outlook Estimates & Forecasts
- 4.1. Thermal Insulation Coating Market: Form Movement Analysis, 2024 & 2030
- 4.1.1. Acrylic
- 4.1.1.1. Acrylic Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Epoxy
- 4.1.2.1. Epoxy Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. Polyurethane
- 4.1.3.1. Polyurethane Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. YSZ
- 4.1.4.1. YSZ Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.5. Mullite
- 4.1.5.1. Mullite Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Thermal Insulation Coating Market: Application Outlook Estimates & Forecasts
- 5.1. Thermal Insulation Coating Market: Application Movement Analysis, 2024 & 2030
- 5.1.1. Building & Construction
- 5.1.1.1. Building & Construction Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Automotive & Transportation
- 5.1.2.1. Automotive & Transportation Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3. Aerospace & Defense
- 5.1.3.1. Aerospace & Defense Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4. Manufacturing
- 5.1.4.1. Manufacturing Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.5. Others
- 5.1.5.1. Others Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Thermal Insulation Coating Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Thermal Insulation Coating Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. UK
- 6.4.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. Germany
- 6.4.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. France
- 6.4.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Latin America
- 6.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Evonik Industries AG
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Mascoat
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. Carboline
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Nippon Paint Holdings Co., Ltd.
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Akzo Nobel N.V.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. PPG Industries, Inc.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. The Sherwin-Williams Company
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. Kansai Paint Co., Ltd.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Grand Polycoats Company Pvt. Ltd.
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Sika AG
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives